1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
serg [7]
2 years ago
14

The accounts in the ledger of Seaside Furniture Company as of August 20Y5 are listed in alphabetical order as follows. All accou

nts have normal balances. The balance of the cash account has been intentionally omitted.
Accounts Payable $118,600
Accounts Receivable 660,500
Cash ?
Common Stock 150,000
Dividends 36,000
Fees Earned 4,330,000
Insurance Expense 18,000
Land 1,850,000
Miscellaneous Expense 30,200
Notes Payable 75,000
Prepaid Insurance 21,600
Rent Expense 390,000
Retained Earnings 1,814,400
Supplies 11,200
Supplies Expense 23,700
Unearned Rent 12,000
Utilities Expense 82,000
Wages Expense 2,950,000

Required:
Prepare an unadjusted trial balance.
Business
1 answer:
musickatia [10]2 years ago
8 0

Answer:

Cash $426,800.00

Debit side $6,500,000.00

Credit side $6,500,000.00

Explanation:

Preparation of the Unadjusted trial balance

SEASIDE Unadjusted Trial Balance

DEBIT SIDE

Cash 426,800.00

Accounts Receivable 660,500.00

Prepaid Insurance 21,600.00

Supplies 11,200.00

Land 1,850,000.00

Dividends 36,000.00

Wages Expense 2,950,000.00

Utilities Expense 82,000.00

Rent Expense 390,000.00

Supplies Expense 23,700.00

Insurance Expense 18,000.00

Miscellaneous Expense 30,200.00

TOTAL $6,500,000.00

CREDIT SIDE

Notes Payable 75,000.00

Accounts Payable 118,600.00

Unearned rent 12,000.00

Common stock 150,000.00

Retained Earnings 1,814,400.00

Fees Earned 4,330,000.00

TOTAL $6,500,000.00

CASH will be the balancing figure since the total of both Debit and Credit columns of trial balance must equal.

Therefore the Unadjusted trial balance be:

Debit side $6,500,000.00

Credit side $6,500,000.00

You might be interested in
The payment represents rent for the years 2022 and 2023, the period covered by the lease. Kraft Company is a cash basis taxpayer
anygoal [31]

Answer:

Don't know the answer but gl

Explanation:

just neeed to use the app for answer hope you have a good day ;]

5 0
3 years ago
A private oil company is embarking on a joint pipeline project with the government. Which type of network will they set up for p
levacccp [35]
A Joint Venture is the type of network that the private oil company and the government should set-up to manage the project. In other business terms, joint venture between a private and a public entity is also known as a Public-Private Partnership. It holds both parties responsible for the tasks to be delivered at hand. There are contracts and agreements between the two parties to be made in order for the project to work and become successful.
7 0
3 years ago
Read 2 more answers
A company borrows 100,000 today at 12% nominal annual interest. the monthly payment of a 5 year loan is most nearly:
alex41 [277]
Formula for the monthly payment:
M = P * r * ( 1 + r )^n / (( 1 + r )^n + 1 )
where:  P = $100,000    r = 0.12 : 12 = 0.01      n =12 * 5 = 60
M = 100,000 * 0.01 * ( 1 + 0.01 )^60 / (( 1 + 0.01 )^60 + 1 ) =
= 1,000 * ( 1.01 )^60 / (( 1.01 )^60 + 1 ) =
= 1,000 * 1.8167 / 0.8167 = 1,000 * 2.22444  =
= $2,224.44
The monthly payment is $2,224.44.
5 0
3 years ago
The plaintiff is a State A corporation that entered into a contract with the defendant under which the defendant agreed to manuf
Kruka [31]

Answer: No, because all of the defendant's facilities and offices are in State A.

Explanation:

Following the information given in the question, a federal district court cannot have subject matter jurisdiction over the plaintiff's action.

In this case, there's no subject matter jurisdiction by the court as theres subject matter jurisdiction when there is full diversity of citizenship, and the amount of controversy is more tha $75,000.

3 0
3 years ago
Suppose that JVC is trying to decide how to price a new stereo system composed of a receiver, CD player, and speakers. The compa
Kisachek [45]

Answer:

The answer is "Receivers= 200, CD player= 75,  Speaker= 250 , and Combined ( bundling )= 500".

Explanation:

As a Receiver    

If the value of P = 250, purchase only by students then,  

TR = 250 × 10,000 = 2,500,000  

If the value of P = 200, buy by  both forms  

TR = 200×(60,000) = 12,000,000  

And higher TR,

P = 200,  

For the receivers fee of P = 200  

Player CD  

Where the value of P = 150  

TR = 150 × 10,000 = 1,500,000  

If P = 75,  

TR = 75×(60,000)  

Superior TR with P = 75,  

Rapporteurs,  

If P = 100, buy both

TR = 6,000,000

TR= 100 × (60,000)  

If P = 250, then buy only the club owner

TR = 250 × 50,000

TR= 12,500,000    

So taller TR with P = 250  

Then the will to pay combined  

250 + 150 + 100 = 500 For students  

For club members, 200 + 75 + 250 = 525  

So if P = 500, you buy both forms  

TR = 500 × 60,000 people  

= 30,000,000  

If only club owners buy P = 525, then  

TR = 525 ×50,000

TR= 2,650,000

The higher TR for P is 500.

5 0
3 years ago
Other questions:
  • Teams generally have which of the following effects on stereotypes and biases in the workplace? a. Teams will reduce communicati
    15·2 answers
  • In the early days of computers, programmers and designers started businesses in their parents’ garages and worked there until th
    10·1 answer
  • Which one of the following statements is CORRECT? A Since companies can deduct dividends paid but not interest paid, our tax sys
    9·1 answer
  • The following cost data pertain to the operations of Rademaker Department Stores, Inc., for the month of March: Corporate headqu
    6·1 answer
  • What is the difference between direct and indirect competition?
    6·1 answer
  • Which transaction has no effect on owners equity
    13·2 answers
  • Explain why do you think you would be hired based on your selected interview outfit?
    7·1 answer
  • Responsibilities of a company's management in terms of<br> risks include:
    12·1 answer
  • On December 31, 2020, Orange Company issued 30,000 shares of its common stock with a fair value of $50 per share for all of the
    10·1 answer
  • the list price of a computer was $100,000. the sales tax on the computer was 5%. the delivery cost was $1,000. the cost to assem
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!